NCR

NCR Corp.

TMT, Finance/Real Estate


Presented:04/14/2021
Price:$40.59
Cap:$5.29B
Current Price:$13.23
Cap:$1.92B

Presented

Date04/14/2021
Price$40.59
Market Cap$5.29B
Ent Value$8.51B
P/E RatioN/A
Book Value$8.12
Div Yield0%
Shares O/S130.26M
Ave Daily Vol1,183,215
Short Int7.56%

Current

Price$13.23
Market Cap$1.92B
NCR Corp. engages in the development, manufacture and sale of consumer transaction solutions. It operates through the following segments: Banking, Retail, Hospitality, and Telecommunications and Technology. The Banking segment offers solutions for the financial services industries. The Retail segment focuses on the customers for the retail industries. The Hospitality segment involves in the hospitality industries such as restaurant, global chains, and sports and entertainment venues. The telecommunications and technology segment offers maintenance, managed and professional services. The company was founded by John Henry Patterson in 1884 and is headquartered in Atlanta, GA.

Publicly traded companies mentioned herein: Fiserv Inc (FISV), Lightspeed POS Inc (LSPD CN), NCR Corp (NCR)

Highlights

The presenter views NCR Corp (NCR) as a reopening trade that will appreciate in the short term because of its POS services and ATM hardware/services businesses. Over the medium and long term, however, he sees a highly levered company ($3B net debt, $5.3B market cap) that is in secular decline. He therefore finds it unlikely that NCR will achieve the Street’s expectation to return to normalized MSD% growth in 2022 and beyond. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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